Remittances

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Remittances


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remittance for NRIs


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Permissible remittances of investments in India


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Remittance of sale proceeds of an Indian Security held by a resident outside India is permissible, subject to
conditions stipulated in relevant schedules of the FEMA. An authorized dealer can allow the remittance of sale
proceeds of a security (net of applicable taxes) to the seller of shares, a resident outside India, provided the security
has been held on repatriation basis the sale of security has been made in accordance with the prescribed guidelines
and NOC/tax clearance certificate has been produced.




Investments Facilities in Brief




Avenues of Investment                  Nature of Instruments                   Category of Investors
                                                                               Non-Resident Indians/ Non-residents/
                                       Shares/Convertible Debentures/
Public / Private Limited Companies                                             Non-Residents Incorporated Entities/
                                       Preference Shares
                                                                               Foreign Institutional Investors
Public Limited Companies             NCDs                                      NRIs, FIIs
                                     Shares/ Convertible Debentures/
Trading companies                                                              Non-Residents
                                     Preference Shares
                                     Shares/ Convertible Debentures/
SSI Units                                                                      Non-Residents
                                     Preference Shares
EOU or Unit in Free Trade Zone or in Shares/ Convertible Debentures/
                                                                               Non-Residents
Export Processing Zone               Preference Shares
Public / Private Limited Companies Right share                                 Existing Shareholders/ Renounces
Under Scheme of amalgamation/        Shares/ Convertible Debentures/
                                                                               Existing Shareholders
merger                               Preference Shares
                                     Shares/ Convertible Debentures/
Employees Stock Option                                                         Employees resident outside India
                                     Preference Shares
ADR/GDR                                Receipts                                Non-Residents
Portfolio Investment Scheme            Shares/ Convertible Debentures          NRIs, FIIs
                                                                               FIIs(on repatriation basis) & NRIs (on
Investment in Derivatives              Exchange Traded Derivatives
                                                                               non-repatriation basis)
                                   Government dated securities/
                                   treasury bills, units of domestic
Govt. Securities                   mutual funds, Bonds issued           NRIs, FIIs
                                   by PSUs and shares of Public
                                   Sector Enterprises being divested.
Indian VCU or VCF or in a Scheme                                        SEBI Registered Foreign Venture
                                   SEBI registered VCF/VC units
floated by VCF                                                          Capital Investor



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posted:10/4/2012
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